FNB recently did a study of the top reasons why South Africans choose to save their money in a culture with a penchant to spend, spend, spend. The results of the study show three main outcomes for which people save, prioritized differently depending on the income bracket of the person. The three main reasons for saving up funds are retirement, education and emergencies. The survey revealed that if a person earns a typical income of R200 […]
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REVISING YOUR RETIREMENT ANNUITY
Retirement annuities form a staple for many people’s financial saving diet. Seeing that it is such an important investment it would be wise to not let it stagnate and lose. The fees charged on RA’s have undergone significant change over the past years, if you have been investing into your RA for more than five years, and have not yet reviewed it, then now would be a good time to re-assess your RA portfolio. Here are […]
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A FRESH START, TO YOUR CREDIT RECORD
Having an impaired credit record is an affliction suffered by almost half of the 21 million consumers in South Africa. This ranges from consumers with defaults, judgements, administration orders and consumers who were three months or more in arrears with account payments. Recently, between 1 April and 31 May 2014, the South African government implemented a credit information amnesty that benefitted at least 3.1 million consumers. This is great news if you struggle with poor credit […]
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END OF THE MONTH SAVING TIPS
From changing the way that you shave to spending some more time at the local library, here are some super end-of-the-month saving tips! 1. CURTAIL THE CELLPHONE Go through your cellphone bill, look for services you don’t use, and ditch them. Sit down and go through each item on your bill and see if there’s anything there that you don’t use, like a surfeit of text messages or web access or something to that effect. Then […]
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STAY INFORMED. STAY HEALTHY.
One of the biggest drives around Breast Cancer Month is education and awareness. There are many programmes in place to provide extensive knowledge and encourage support for those who are looking for expert advice. The PinkDrive website is an amazing site that offers a place to ask questions, find answers, enter events, raise money for research and buy Breast Cancer Awareness gifts and promotional items. One of the procedures that they explain is the mammogram. Here’s […]
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WHAT WILL IT REALLY COST ME?
The current SA stats for breast cancer reveal that one in thirty-six women has breast cancer. My blog last week spoke about the general costs and overall statistics of cancer, but today I’d like to get a little more specific as to the expected ‘realistic’ impact that breast cancer will have on those who may be diagnosed this month. Whilst it’s a scary reality, the sooner breast cancer is diagnosed the higher the chance that it […]
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PLAN FOR THE HIDDEN COSTS OF BREAST CANCER
Last year I shared an article on my blog that spoke to the stark reality of the tragic impact that cancer has had (and continues to have) on almost every family in South Africa. It’s very rare, in fact, to meet someone who hasn’t either had cancer themselves, or has a close family member who has been diagnosed with some form of cancer. As I wrote in my previous blog, cancer has increased exponentially and is, […]
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END OF THE MONTH SAVING TIPS
It’s never too late to learn something new! With the current pace of change, the human race is being forced to become better adapted to change – and that means that we are constantly learning new things. Whether it’s the software on your phone, the new car, a new job, a new relationship… we’re constantly learning something new. The same should apply to your approach to saving and spending your money. Here are five, level-headed, fresh […]
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A DIFFERENT APPROACH TO DREAD DISEASE COVER
One of the reasons that I have my blog and Facebook page is that this industry changes about as regularly as the price of petrol. A financial solution that we relied on five years ago may still apply, but it also may not. There may be better options, better approaches; better products, for your needs. This is a place for me to share some of the newer ways of looking at financial planning. When it comes […]
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E-CIGGIES… THEY COST MORE
A brief walk through any public space will reveal the presence of a new type of technology. It’s not a new phone or tablet, it’s a cigarette; an e-cigarette. I came across this article in an email that explains why life insurers apply a loading for the use of e-cigarettes. E-cigarettes are becoming increasingly popular, but they’re no stranger to controversy. The latest news on the topic highlights the increasing number of governmental regulations kicking in […]
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